So Mexico was getting 1.6 billion - But MI is getting less than half of that ?
Where is the rest ? What did that 1.6 billion buy down there that justified that ?
What I’m getting at is that Ford found some kind of plan that was worth twice the investment in that dirty, backwards country that was somehow worth selling our own people down the river.
We won, yes. But what the hell is going on?
They saved a fortune in bribes to mexican governmental officials.
They already have plants in MI - usually cheaper for expansion than to build from scratch (especially if they were going to shut down space in MI with the move)
Mexico is de-subsidizing gas next month. Price/gal to quadruple to 3.25/gal.
Perhaps it is going into preexisting buildings as opposed to starting from ground up.
It sounds like it would have been a ground up plant in Mexico. Ford figured they would make up the $900 million and more with cheap labor.
To break ground on a BRAND NEW plant in Mexico Is far more expensive than EXPANDING their plant in Michigan, the savings on the expansion rather than the NEW BUILD can be put into more expensive labor costs and the jobs STAY in America!!!!
Auto industry is in a recession.
Remember that under Hillary we were going to become the North American something with no borders. I think some of these companies figured they were planting roots in a country that would soon be the same country under Hillary.
Short-term Mexican government bribe costs vs. long-term labor savings.
$1.6 B for a new facility. $600 instead, for an expansion of existing facilities.
New facilities versus upgrading existing facilities.